Are you positive you understand the whole lot about what’s been taking place this week? Listed below are the solutions to BeInCrypto’s weekly quiz, which is able to assist you to keep on high of what’s taking place proper now.
1. Bitcoin (BTC) set a brand new all-time excessive this week prompting monetary and investing recommendation firm, The Motley Idiot, to re-evaluate its bitcoin stance. How a lot did the corporate announce it might buy?
Reply: $5 million
The Motley Idiot confirmed that it will invest $5 million in bitcoin. It says it can add the foremost digital asset to its portfolio earlier than shopping for and including $5 million to its stability sheet. It additionally suggested its members to do likewise.
2. The market’s quantity two cryptocurrency, ethereum (ETH), additionally carried out properly this week, sending its market cap dominance skyrocketing. What’s ETH market cap dominance?
Reply: 13%
The quantity two cryptocurrency set a new all-time high this week, reaching $1,952.14. The rally elevated its whole share of the market, which at press time stands at 13.15%
3. The market’s efficiency once more prompted feedback from a number of of the world’s richest folks. Which billionaire stated he stays Bitcoin-neutral this week?
Reply: Invoice Gates
While the Microsoft founder has all the time been a bitcoin skeptic, even he has had his head turned by the highest cryptocurrency’s spectacular efficiency. This week, Gates appeared to counsel he was much less anti-bitcoin, and extra “bitcoin neutral.”
4. Non-fungible token artwork additionally made waves on this planet of luxurious. Which world-famous public sale home stated it with settle for ETH as fee for a digital artwork public sale?
Reply: Christie’s
The well-known public sale home introduced this week that it was partnering with MakersPlace to carry an NFT-based artwork public sale. Christie’s would be the first main public sale home on this planet to host such an excellent.
5. Tesla revealed a $1.5 billion BTC buy at first of the month. In keeping with analysis by The Block, which cryptocurrency alternate helped facilitate the acquisition?
Reply: Coinbase
In keeping with analysis by The Block, Coinbase facilitated Tesla’s $1.5 billion bitcoin purchase in January, though neither celebration confirmed the report. Coinbase is thought to facilitate massive over-the-counter purchases for sizeable establishments.
6. One other firm that made headlines in December for its enthusiastic BTC hoarding was MicroStrategy. The corporate not too long ago revealed it plans to boost far more to proceed its BTC spending spree. How a lot is it planning to boost?
Reply: $600 million
Virginia-based enterprise intelligence agency MicroStrategy has disclosed plans to launch one other non-public providing. The income will likely be used to purchase much more bitcoin. The proposed private offering for bitcoin will characteristic the sale of $600 million in convertible senior notes.
7. Switzerland has all the time regarded favorably on the cryptocurrency and blockchain area. Which Swiss canton introduced its residents can now pay their taxes in crypto?
Reply: Zug
In keeping with Bitcoin Suisse, this week, the Swiss Canton of Zug will start accepting cryptocurrencies corresponding to bitcoin and ether for cantonal tax funds.
8. After a spate of criticism for its dealing with of the GameStop “short-squeeze” saga, coming from each the cryptocurrency group and the US Congress, which mainstream alternate introduced it can begin permitting cryptocurrency deposits?
Reply: Robinhood
Buying and selling platform Robinhood introduced plans to allow cryptocurrency deposits and withdrawals on its platform. The information comes because the alternate confronted criticism from law-makers within the US for its dealing with of the GameStop “short-squeeze.”
9. Because the cryptocurrency market hit new heights, Binance is seeing its native token, BNB. climb the market cap ranks. In keeping with CoinGecko, what’s BNB’s new place in the marketplace cap league tables?
Reply: #3
BNB noticed its market cap rise from $25.45 billion to $41,58 billion within the three days from Feb 17. to Feb 19. This 63% increase noticed it rise to the quantity three spot on CoinMarketCap.
10. Binance’s platform for decentralized exchanges (DEXs) can be seeing a rise in reputation as Ethereum-based DEXs undergo from larger and better charges. Which Binance-based DEX not too long ago overtook Uniswap in buying and selling quantity?
Reply: PancakeSwap (CAKE)
On Feb. 19, the rising Decentralized Finance (DeFi) venture PancakeSwap (CAKE) hit over $1,2 billion in daily volume. Utilizing this metric, CAKE overtook the preferred automated market maker (AMM) on Ethereum, Uniswap.
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